Gouverneur Bancorp (Gouverneur Bancorp) Credit Losses Provision : $0.13 Mil (As of Dec. 2023)

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What is Gouverneur Bancorp Credit Losses Provision?

Gouverneur Bancorp's credit losses provision for the three months ended in Dec. 2023 was $0.07 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $0.13 Mil.

Gouverneur Bancorp's quarterly credit losses provision stayed the same from Jun. 2023 ($0.03 Mil) to Sep. 2023 ($0.03 Mil) but then increased from Sep. 2023 ($0.03 Mil) to Dec. 2023 ($0.07 Mil).

Gouverneur Bancorp's annual credit losses provision increased from Sep. 2007 ($0.02 Mil) to Sep. 2022 ($0.06 Mil) and increased from Sep. 2022 ($0.06 Mil) to Sep. 2023 ($0.12 Mil).

Gouverneur Bancorp Credit Losses Provision Historical Data

The historical data trend for Gouverneur Bancorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Gouverneur Bancorp Credit Losses Provision Chart

Gouverneur Bancorp Annual Data

Trend

Sep00

Sep01

Sep02

Sep03

Sep04

Sep05

Sep06

Sep07

Sep22

Sep23

Credit Losses Provision

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0.14

0.10

0.02

0.06

0.12

Gouverneur Bancorp Quarterly Data
	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															0.02	0.02	0.03	0.03	0.07

Gouverneur Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.13 Mil.

Gouverneur Bancorp (Gouverneur Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Gouverneur Bancorp Inc (OTCPK:GOVB) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

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Address

42 Church Street, Gouverneur, NY, USA, 13642

Website

https://www.gouverneurbank.com

Gouverneur Bancorp Inc principal activities are to accept deposits from the public and utilize those funds in loans, debt obligations which are issued by the United States government and its agencies and mortgage-backed securities. The group serves individuals and businesses in St. Lawrence, Jefferson, and Lewis Counties in New York State. The company operates through its subsidiary Gouverneur Savings and Loan Association. The bank offers commercial, non-mortgage loans to local businesses for working capital, machinery and equipment purchases, expansion and other business purposes.

Executives

Timothy J Monroe	director	42 CHURCH STREET, PO BOX 297, GOVENEUR NY 13642-0297
Henry J Leader	director	42 CHURCH STREET, PO BOX 297, GOUVERNEUR NY 13642
David Claren Mcclure	director	C/O GOUVERNEUR BANCORP, INC., 42 CHURCH STREET, GOUVERNEUR DC 13642
Clara Pistolesi Cummings	director	C/O GOUVERNEUR BANCORP, INC., 42 CHURCH STREET, GOUVERNEUR DC 13642
Chad Brian Soper	director	C/O GOUVERNEUR BANCORP, INC., 42 CHURCH STREET, GOUVERNEUR DC 13642
Amy Marie Rapholz	director	C/O GOUVERNEUR BANCORP, INC., 42 CHURCH STREET, GOUVERNEUR DC 13642
John Neil Mason	director	C/O GOUVERNEUR BANCORP, INC., 42 CHURCH STREET, GOUVERNEUR NY 13642
Kimberly Ann Adams	officer: VP and CFO	C/O GOUVERNEUR BANCORP, INC., 42 CHURCH STREET, GOUVERNEUR NY 13642
Taylor James Robbins	officer: Executive Vice President	C/O GOUVERNEUR BANCORP, INC., 42 CHURCH STREET, GOUVERNEUR NY 13642
Sadie May Hall	officer: VP & Compliance Officer	C/O GOUVERNEUR BANCORP, INC., 42 CHURCH STREET, GOUVERNEUR NY 13642
Van Vleet Charles C Jr	director, officer: President & CEO	C/O GOUVERNEUR SAVINGS LOAN ASSOC, 42 CHURCH ST. BOX 297, GOUVERNEUR NY 13642-0297
Victor Alan James	officer: VP & COO	C/O GOUVERNEUR BANCORP, INC., 42 CHURCH STREET, GOUVERNEUR NY 13642